Damage Deductible Underwriting 
The Property Insurance Law Observer
FEBRUARY 14, 2024
Privilege Underwriters Reciprocal Exchange (2024 WL 322297 (Tex. The insureds suffered property damage caused by a tornado and subsequently submitted a claim to their insurer. The Windstorm or Hail deductible does not apply to coverage under 7. The Windstorm or Hail deductible does not apply to coverage under 7.
Risk Management Monitor
AUGUST 9, 2022
Last week, a severe thunderstorm unleashed massive hailstones in Alberta, Canada, damaging dozens of cars and unleashing potentially record-breaking hailstones the size of grapefruits. In 2018, the 5 th Circuit Court of Appeals took things a step further in Certain Underwriters at Lloyd’s of London v. Lowen Valley View, L.L.C.
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Distinguished
APRIL 21, 2025
The damage is extensive, and tenants are forced to relocate while repairs are underway. However, with opportunity comes risk: property damage, liability claims, and unexpected financial losses can quickly turn a profitable investment into a costly liability. Sewer and drain backup: Protects against water damage from plumbing backups.
Distinguished
MAY 6, 2025
This guarantees businesses arent left vulnerable to losses from theft, damage, or accidents. A stolen excavator can delay an entire construction project, a damaged HVAC system in transit can leave a building unfinished, and a trucking accident can result in both vehicle loss and undelivered cargo.
Distinguished
MARCH 20, 2025
Unlike single-family homes, apartment complexes face heightened risks damage from one unit can quickly spread to others, liability claims can stem from common areas, and evolving building codes can demand costly upgrades. The court awarded her a staggering $13 million in damages.
Distinguished
APRIL 14, 2025
Transit-related risks : Whether traveling for appraisals, exhibitions, or repairs, rare guitars face an increased risk of loss, theft, or damage and many policies wont cover transit losses. Accidental damage : Guitars, especially old ones, can be fragile. Distinguished covers damage caused by drops, falls, or other mishaps.
American Agents Alliance
APRIL 3, 2025
For example, the cost of repairing damaged property like vehicles and homes could increase because these items rely on imported goods, which will be more expensive after tariffs are increased. Because tariffs create higher prices on imported goods, this has both direct and indirect impacts on the insurance ecosystem.
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